The Agents Duties and Obligations
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10 May 2009
This short article looks at the duties and
obligations of an agent and points to discuss.
There are a number of regulations that
apply some as a result of common
law and others as a result of the Commercial Agents (Council Directive)
Regulations 1993.
Agents
are obliged:
to act in good faith and conscientiously;
to obey all reasonable lawful instructions
of the principal;
to act within the limits of their
authority;
to avoid any conflict of interest with the
principal;
to disclose all material facts to the
principal and to refrain from divulging confidential information to
third parties;
not to make a secret profit or accept
bribes;
to account to the principal for property
and money of the principal which is under the agents control; and
not to delegate their authority without
the principal's consent.
For help, guidance of further information,
please contact us.
By Izaz Ali (izaz.ali@lawdit.co.uk
<mailto:izaz.ali@lawdit.co.uk>)
is a commercial lawyer who specialises in information technology law
and intellectual property law with an emphasis on IT, escrow and buying
and selling online businesses.
Lawdit
Solicitors
offer services and advice for litigation, commercial contracts,
Intellectual
Property and IT legal agreements. We are experts in commercial law with
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